The farm gate price of a kilo of palay continued to rise in January, according to data released Wednesday by the Philippine Statistics Authority, which is a boon for farmers but a bane for rice consumers.
Local output growth measured as the gross domestic product (GDP) is forecast to ease further this year to 5.4 percent, lower than last year's growth print of 5.6 percent, analysts at the Manila unit of the Dutch giant ING said on Monday.
The government already spent in 11 months P1.02 trillion of its commitment to spend P1.33 trillion in various public infrastructures in 2023, Budget Secretary Mina F. Pangandaman said on Sunday.
Foreign investments approved by various investment promotions agencies reached P394.45 billion in the fourth quarter, more than double the P173.61 billion in the year-earlier period even though a number of IPAs didn’t report any approvals during the period.
If artificial intelligence has spent the last two years as corporate theater with lavish pilots and cautious applause, then Cisco and NVIDIA are now selling the stage itself.
Several things have changed over the past month. The global economy is now poised to face another severe slowdown and rising inflation as a result of the Middle East conflict. While the impact on countries may differ in magnitude, the oil supply shock will squeeze economic activity and raise prices significantly.
Grab Philippines is accelerating its shift to eco-mobility, expanding the rollout of its GrabTaxi Electric service as electric vehicle (EV) adoption gains momentum across the country.
Shopee is expanding its Tatak Pinoy MSME Roadshow across more provinces in the Visayas and Mindanao, scaling up a nationwide push to deliver digital skills training to underserved entrepreneurs.